PSUs that will form part of the Bharat-22 ETF are ONGC, Indian Oil, SBI, BPCL, Coal India and Nalco. Photo: Abhijit Bhatlekar/MintNew Delhi: An inter-ministerial panel headed by finance minister Arun Jaitley on Monday finalised the launch date and quantum of issuance of Bharat-22 ETF (exchange traded fund). It is likely to be launched next month after the launch of initial public offering (IPO) of New India Assurance, they said. Only three public sector banks — SBI, Indian Bank and Bank of Baroda — figure in the Bharat-22 index. The first CPSE ETF consisted of scrips of 10 PSUs — ONGC, Coal India, IOC, GAIL (India), Oil India, PFC, Bharat Electronics, REC, Engineers India and Container Corporation of India.

Source: Mint October 23, 2017 14:03 UTC